Trading Members of the Exchange are hereby informed that the under mentioned securities of Indian Railway Finance Corporation Limited are admitted to dealings on the Exchange with effect from Friday, February 21, 2014 in the list of "F GROUP".

8.48% (If held by Category I, II and III Investors, the coupon rate shall be reduced by 25bps)

8.65% .(If held by Category I, II and III Investors, the coupon rate shall be reduced by 25bps)

Deemed Date of Allotment

February 18, 2014

Date of Allotment

February 18, 2014

Redemption/Maturity date

February 18, 2024

February 18, 2029

February 18, 2024

February 18, 2029

Tenor

10 Years

15 Years

10 Years

15 Years

Maturity/Redemption Amt. per Bond

Rs. 1,000/-

Rs. 1,000/-

Rs. 1,000/-

Rs. 1,000/-

Frequency of Interest payment

Annual

First Interest payment date

April 15, 2014

Interest payment dates

First Interest Payment date is on April 15, 2014 and subsequently on April 15th every year except
the last Interest Payment along with the redemption amount.

Credit Rating

“CRISIL AAA/Stable” ; “[ICRA] AAA” ; “CARE AAA"

Market lot

One Bond

# In pursuance of CBDT Notification and for avoidance of doubts, it is clarified as under:

a. The coupon rates indicated under Tranche I Series IB and Tranche I Series IIB shall be payable only on the Portion of Bonds allotted to Category IV in the Issue. Such coupon is payable only if on the Record Date for payment of interest, the Bonds are held by investors falling under Category IV.

b. In case the Bonds allotted against Tranche I Series IB and Tranche I Series IIB are transferred by Category IV to

applicable on Tranche I Series IA and Tranche I Series IIA respectively.

c. If the Bonds allotted against Tranche I Series IB and Tranche I Series IIB are sold/ transferred by the Category IV to investor(s) who fall under the Category IV as on the Record Date for payment of interest, then the coupon rates on such Bonds shall remain unchanged;

d. Bonds allotted against Tranche I Series IB and Tranche I Series IIB shall continue to carry the specified coupon rate if on the Record Date for payment of interest, such Bonds are held by investors falling under Category IV;

e. If on any Record Date, the original Category IV allotee(s)/ transferee(s) hold the Bonds under Tranche I Series IB and Tranche I Series IIB for an aggregate face value amount of over ` 10 lakhs, then the coupon rate applicable to such Category IV allottee(s)/transferee(s) on Bonds under Tranche I Series IB and Tranche I Series IIB shall stand at par with coupon rate applicable on Tranche I Series IA and Tranche I Series IIA respectively;

f. Bonds allotted under Tranche I Series IA and Tranche I Series IIA shall carry coupon rates indicated above till the

respective maturity of Bonds irrespective of Category of holder(s) of such Bonds

1.Trading Members may note that as per the guidelines issued by SEBI dated 16th February, 2000; Bonds will only be traded in dematerialized form. Trades effected in this scrip will be in unit market lot (i.e. One Bond).

2.The financial year of Indian Railway Finance Corporation Ltd. ends on the 31st March.